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Economy
Kenya’s Pension Assets Surge to KSh 2.81 Trillion in 2025 Amid Strong…
Kenya’s retirement benefits sector recorded a remarkable growth in 2025, with total pension assets hitting KSh 2.81…
CBN PMI Hits 56.4 in February, Marking 15 Months of Continuous Economic Expansion
Nigeria’s economic momentum continued in February 2026, with the Central Bank of Nigeria’s (CBN) composite…
Nigeria’s Power Sector Debt: A Case for Accountability Amidst Audit Disputes
Nigeria’s power sector has long been plagued by structural inefficiencies, weak liquidity and persistent…
Nigeria Positions for Stronger AfCFTA Gains with Subnational Export Expansion
The Federal Government has reaffirmed its commitment to delivering tangible results under the African Continental…
FG Introduces New Presumptive Tax Rules to Simplify Compliance for MSMEs
The federal government of Nigeria has introduced new presumptive tax rules aimed at Micro, Small, and Medium…
Manufacturers Optimistic as CBN Interest Rate Cuts Promise Credit Boost Beyond…
Manufacturers in Nigeria are eyeing a rebound in access to bank credit after lending to the sector dropped to N7.09…
Nigerian Pension Funds Hit N28 Trillion as Contributor Base Tops 11 Million
The Nigerian pension fund industry has kicked off 2026 with remarkable growth, reaching a new high of N28.04…
Naira Holds Strong at N1,850/£1 Amid UK Pound Weakness and Rising Local Demand
The Nigerian naira settled at N1,850 per British pound (GBP) in the official foreign exchange market on Wednesday,…
Nigeria to Launch National Single Window Digital Trade Platform on March 27
Nigeria is set to officially launch its National Single Window (NSW) digital trade platform on March 27, a move…
IMF Warns Middle East Conflict Could Trigger Global Economic Shock
The International Monetary Fund (IMF) has issued a stark warning that the ongoing conflict in the Middle East could…
CBN Forex Reforms Boost Reserves and Stabilize Naira Amid Economic Recovery
Nigeria’s Central Bank (CBN) forex reforms have yielded significant results, with the country’s external reserves…
CBN Reforms Push Naira to First Annual Gain in 13 Years
Nigeria’s currency recorded a historic turnaround in 2025 as reforms by the Central Bank of Nigeria (CBN) helped…
Nigerian Crude Oil Surges Past $80 Amid Middle East Tensions – Highest Since 2024
Nigerian crude oil prices have climbed past $80 per barrel, marking the highest levels since mid-2024. The spike…
Nigeria’s Net Reserves Soar to $34.8 Billion in Two Years, Boosting Economic…
Nigeria’s net external reserves have skyrocketed by 772 percent over the past two years, reaching $34.8 billion at…
Nigeria’s Reform Dividend: Experts Predict Economic Growth Surge in 2026
Nigeria is set to reap the benefits of its ongoing reform cycle in 2026, with households and businesses expected to…
Petrol Prices Could Hit ₦1,000/Litre as Dangote Refines Strategy Amid Global Oil…
The price of Premium Motor Spirit (PMS), commonly known as petrol, may soon reach between ₦980 and over ₦1,000 per…
Nigeria’s Net FX Reserves Soar 772% to $34.8 Billion, Signaling Stronger Economic…
Nigeria’s net foreign exchange reserves soared to $34.80 billion at the end of 2025, marking a remarkable 772 per…
CBN Cuts Interest Rate to 26.5% as Disinflation and FX Stability Strengthen…
The Central Bank of Nigeria has reduced its Monetary Policy Rate (MPR) by 50 basis points to 26.5 per cent, marking…
Nigeria Secures $1.3 Billion Alumina Refinery Deal with AFC to Boost Mining Sector
In a major stride for the country’s mining industry, the Federal Government of Nigeria has signed a $1.3 billion…
Nigeria Spends N6.32 Trillion on Domestic Debt in 9 Months Amid Rising Interest…
The Nigerian federal government spent a staggering N6.32 trillion on domestic debt servicing between January and…
Naira Depreciates to N1,368/$ Following CBN’s 304th MPC Meeting
The naira faced a steady decline throughout the week, closing at N1,368/$ in the official market, following the…
Rising Public Debt Clouds CBN Rate Cut Despite Economic Gains
Economic experts say Nigeria’s recent macroeconomic improvements are being tempered by a rising public debt…
Global Markets Tumble as U.S.-Israel Strikes on Iran Trigger European Stock Slump
European stock markets are bracing for a sharp downturn at the start of the trading week following major military…
Foreign Transactions on Nigerian Exchange Plunge 75% as Block Trades Disappear
Foreign investor activity on the Nigerian Exchange Limited fell sharply in January 2026, with total foreign…
NGX Loses N1.40tn as Bearish Sentiment Dominates Market
Nigeria’s equities market ended February on a weak note as bearish sentiment swept across the trading floor of the…
States Back Executive Order 9, Say Nigeria Could Gain N1.5 Trillion Annually
The Forum of State Commissioners of Finance has expressed strong support for President Bola Tinubu’s Executive…
Tinubu Extends Raw Shea Nuts Export Ban to 2027 to Boost Nigeria’s Processing…
President Bola Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, effective from…
Nigeria Revenue Service Targets N40.7 Trillion in 2026 Following Tax Reforms
The Nigeria Revenue Service (NRS) has announced an ambitious plan to collect N40.7 trillion in taxes and royalties…
Nigeria Targets 12% Annual Growth to Achieve $1 Trillion Economy
Nigeria will need to maintain annual economic growth of between 10 and 12 percent over the next decade if it hopes…
Investing in Early Childhood Key to Nigeria’s $1tn Economy by 2050 – World Bank
Nigeria’s ambition to become a $1 trillion economy by 2050 may rely more on its youngest citizens than previously…